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Kuries wrote a post · Aug 30, 2024 16:03

BOCI Lowers Alibaba (BABA.US) TP to $102; Fundamentals Remain Strong

BOC International reduced Alibaba's target price to $102 from $106, citing pressure on earnings due to continued investment in core businesses. Despite this, the firm reaffirmed its Buy rating, highlighting that Alibaba's fundamentals remain solid with strong demand for cloud/AI services and international digital commerce.
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